Supplier diversity

Diversity makes our business better.

Our supplier diversity program identifies, develops and builds strong relationships with certified small and diverse businesses.

"For more than a decade, I have been a passionate supporter of supplier diversity with a consistent track record of growing and developing strong and effective programs for large banks and global corporations. At U.S. Bank, working with diverse suppliers aligns with our core value of doing the right thing. And it’s good for business. Working with diverse suppliers means increased innovation, new revenue opportunities, access to emerging markets, enhanced market share, and brand loyalty. My genuine interest in developing strong supplier diversity programs is rooted in my belief that we need to build economic progress in underserved communities in America."

-Craig McKenney, Chief Procurement Officer

Supplier diversity at U.S. Bank

By doing business with diverse suppliers, we're contributing to the growth of companies that in turn help us build the best bank in America.

Our supplier diversity program demonstrates our commitment to promoting business opportunities for certified minority, women, LGBTQ, veteran, and disabled-owned business. All employees that purchase or influence purchasing decisions are responsible for identifying opportunities for diverse suppliers to participate in the competitive bid process on an equal basis with all other bidders.

Program objectives and focus

Continue to drive organizational awareness, education and training of U.S. Bank’s supplier diversity program and initiatives.
Assist business lines in the development of supplier diversity strategies that are aligned with U.S. Bank’s strategic plans.
Find potential diverse suppliers, including identifying opportunities to expand existing diverse supplier relationships.
Provide resources, tools and mentorship to assist in the development and growth of small and diverse businesses.
Track and report on U.S. Bank’s performance toward achieving supplier diversity goals and objectives with a strong emphasis on continuous improvement.
Attend and support outreach events that promote diverse supplier utilization such conferences and seminars held by our national partners: WBENC, NMSDC, NGLCC, NaVOBA, Disability:IN, USHCC, USPAACC, and USBC.

Our performance

U.S. Bank Spend with Certified MBE/WBE/SDV/VET/LGBTQ/DOBE

Year 2021

$515MM

Eligibility requirements

U.S. Bank requires a company to be at least 51% owned, controlled and managed by one or more minority group members, women, veterans, disabled or LGBTQ person(s). Minority groups include the following:

Black
Hispanic/Latinx
Asian Indian
Asian Pacific
Native American/Indigenous

Qualifying companies must be located within the United States, its territories or its possessions.

Certified companies must submit a certification received from an authorized third party or regulatory agency. U.S. Bank accepts certification completed by regional councils of the National Minority Supplier Development Council (NMSDC) and the Women’s Business Enterprise National Council (WBENC), National Women Business Owners Corporation (NWBOC), National Gay & Lesbian Chamber of Commerce (NGLCC), National Veteran Owned Business Association (NaVOBA), and the Disability:IN, a federal, state or local government affiliate or municipality.

We support the growth of diverse businesses by requiring our 80+ prime (Tier 1) suppliers to report subcontracting (Tier 2) use of diverse suppliers on U.S. Bank contracts.

Because U.S. Bank requires certification for diverse suppliers, U.S. Bank has created a Certification Sponsorship Program to help with the financial burden of certification and provide technical expertise throughout the process. If you are interested in learning more about the program, please reach out to supplier.diversity@usbank.com.

How can diverse suppliers connect with U.S. Bank?

If you’re interested in doing business with U.S. Bank, please complete our supplier registration process. Completing this registration will allow us to contact you if there’s an opportunity that fits your company’s description. Should there be an opportunity to contract with you in the future, you’ll be required to provide certification verification.

You may also meet our supplier diversity team and other key employees at local, regional, and national events. Please contact us at supplier.diversity@usbank.com for more on connecting with our team.

Questions about U.S. Bank supplier diversity initiatives?

Email us

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Deposit products are offered by U.S. Bank National Association, Member FDIC.

Additional checking accounts – Platinum and Gold package customers can open additional Easy Checking accounts with no monthly maintenance fee. Requires at least one identical account holder on all accounts. Gold Package customers are limited to two Easy Checking accounts with no monthly maintenance fee.
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Additional checking accounts – Platinum and Gold package customers can open additional Easy Checking accounts with no monthly maintenance fee. Requires at least one identical account holder on all accounts. Gold Package customers are limited to two Easy Checking accounts with no monthly maintenance fee.
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Additional checking accounts – Platinum and Gold package customers can open additional Easy Checking accounts with no monthly maintenance fee. Requires at least one identical account holder on all accounts. Gold Package customers are limited to two Easy Checking accounts with no monthly maintenance fee.
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